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and technological development in addition to their unique structural features. This conclusion has important implications …
Persistent link: https://www.econbiz.de/10009429048
The paper tests the hypothesis of a positive impact of democratization on growth, economic development and changes in … well-being. We construct an empirical model to explain the impact of political institutions (democracy), economic … institutions, financial market efficiency, scientific achievements and “financial or FDI” geography on growth. The empirical work …
Persistent link: https://www.econbiz.de/10004965329
Persistent link: https://www.econbiz.de/10009676064
financial development channels in 48 African countries for the period 1996 - 2014. Financial dynamic channels of depth (money …
Persistent link: https://www.econbiz.de/10012389182
financial development channels in 48 African countries for the period 1996 - 2014. Financial dynamic channels of depth (money …
Persistent link: https://www.econbiz.de/10012219686
The standard vector error correction (VEC) model assumes the iid normal distribution of disturbance term in the model. This paper extends this assumption to include GARCH process. We call this model as VEC-GARCH model. However as the number of parameters in a VEC-GARCH model is large, the...
Persistent link: https://www.econbiz.de/10010886654
Persistent link: https://www.econbiz.de/10012241655
financial resources of the countries they leave. This paper critiques existing policy proposals to address the development …
Persistent link: https://www.econbiz.de/10011151408
liberalization has further undermined prospects for the economic development of SSA as productive capacities in many sectors are not …
Persistent link: https://www.econbiz.de/10008855234
Financial development indicators are often applied to countries/regions without taking into account specific financial … development realities. Financial depth in the perspective of monetary base is not equal to liquid liabilities in every development … context. This paper introduces complementary indicators to the existing Financial Development and Structure Database (FDSD …
Persistent link: https://www.econbiz.de/10009021966